Article

Shares of data center cooling system suppliers fell sharply following Nvidia CEO Jensen Huang's announcement of the water-cooled Rubin chip, which could reduce reliance on traditional cooling units. While analysts anticipate long-term uncertainty regarding demand for cooling systems, short-term impacts are viewed as limited; Trane Technologies' stock dropped 2.5%, Modine Manufacturing fell 7.5%, and other companies like Johnson Controls and Carrier also experienced declines.